Denver, CO – [August 3, 2021] – Blue West Capital has completed the sale of a single tenant net leased daycare property located at 3545-3555 Fairfax Street in Denver, CO for $1,028,000. The tenant is A Biggs Step and they have operated at the location for approximately one year. The property sold for 100% of the listed price with numerous offers generated. Brandon Gayeski & Zach Wright, of Blue West Capital, represented the seller in the transaction. The seller was a private Denver-based investor and the purchaser was a Colorado and Florida-based partnership.
The 3,878 square foot building is leased to A Biggs Step and features 2.5% annual rental increases and minimal landlord responsibilities. The property is positioned in a neighborhood just east of Colorado Blvd in an urban-infill location. The surrounding area is densely populated with over 153,000 people living within a three-mile radius.
“There are limited low price single tenant opportunities available in Colorado. We received numerous offers on this listing and were able to negotiate a deal for 100% of the listed price,” said Brandon Gayeski, Associate Director.
“Many net leased investors are seeking service-based tenants such as daycare properties. Daycare properties in Denver and throughout the Front Range are in high demand due to our strong and growing demographics that include a high amount of young people,” added Zach Wright, Director & Partner.